Its going to be a DOOMY YEAR!!! Yeeeaaaa Uhhhhhhh!!!
"Presented with little comment, if only to add that at the current rate of degradation in NYSE total trading volume - from post US downgrade to now, Birinyi's Ruler implies volume will entirely disappear by December 11th 2012 - perhaps the Mayans were right after all..."
"Based on the NYSE index data, the mean duration of holding period by US investors was around 7 years in 1940. This stayed the same for the next 35 years. The average holding period had fallen to under 2 years by the time of the 1987 crash. By the turn of the century it had fallen to below one year. It was around 7 months by 2007.
Similar pattern exists in the UK also as shown in the chart above. There the average duration has fallen from around 5 years in the mid-1960s to less than 7.5 months in 2007.
Over the past 15 years even in international equity markets, holding periods have fallen. The Chinese market was red hot until few months ago. However the duration for the Shanghai stock market index is close to just 6 months.This shows that Chinese investors do not have a long term horizon."